| ?Adult children? was a phrase used by Grandbridge Real Estate Capital SVP Richard Thomas—not just an oxymoron but a growing demographic in the senior housing industry. Adult children (45 to 64-years-old), are Baby Boomers who are caring for and making decisions for their elderly parents and whose search for appropriate housing is sparking a revolution in construction and services for seniors. Grandbridge?s nationally focused seniors housing team has closed approximately $5B in seniors housing loans, sales, and advisory transactions since 2003. These were largely permanent,bridge and construction loans for independent, assisted, memory care and skilled nursing communities. Last month, Richard?s team closed three loans for facilities in Texas and Virginia, ranging from $8M to $11.4M. Find more on Grandbridge Real Estate Capital here. |
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